Profit and Loss Statement

Submitted by: Angelo Justine A. Catalan

Course/Section: AR 542 - ARCH52S5

ANNUAL PROFIT AND LOSS STATEMENT

Sales Revenue 2022 % 2023 % % Compared
2022 to Last Year
Revenue
Sales 10,150,000 49.15% 13,400,000 50.66% 3,250,000
Services 6,950,000 33.66% 8,700,000 32.89% 1,750,000
Other Revenue 3,550,000 17.19% 4,350,000 16.45% 800,000
Total Cost of Sales 20,650,000 100.00% 26,450,000 100.00% 5,800,000
Expenses
Advertising 145,000 8.18% 110,000 5.53% 35,000
Direct Labor 690,000 38.95% 835,000 41.96% 145,000
(Salary)
Utility Bills 75,000 4.23% 92,000 4.62% 17,000
Rent Bills 175,000 9.88% 184,000 9.25% 9,000
Supplies 30,000 1.69% 32,500 1.63% 2,500
Sales Tax 260,000 14.67% 294,000 14.77% 34,000
Insurances 32,000 1.81% 52,500 2.64% 20,500
Loan Interests 29,500 1.66% 30,500 1.53% 1,000
Real Estate Tax 175,500 9.90% 182,500 9.17% 7,000
Legal Expenses 105,000 5.93% 113,000 5.68% 8,000
Other Expenses 55,000 3.10% 64,000 3.22% 9,000
Total Expense Cost 1,772,000 100.00% 1,990,000 100.00% 288,000
Profit and Loss 18,878,000 24,460,000